Tom@Hilltop_Machine Well-Known Member Joined Mar 31, 2005 Location Rural Retreat, VA Dec 30, 2021 #51
benXJ Well-Known Member Joined Dec 5, 2005 Location Raleigh NC Dec 30, 2021 #52 jeepinmatt said: Can we write off value losses from inflation and monetary devaluation due to government manipulation of currency and markets? Click to expand... We need answers. Most of us made less real dollars this year, an effective loss. Where is that line on the 1040?
jeepinmatt said: Can we write off value losses from inflation and monetary devaluation due to government manipulation of currency and markets? Click to expand... We need answers. Most of us made less real dollars this year, an effective loss. Where is that line on the 1040?
Ron Dum Spiro Spero Moderator Joined Apr 16, 2005 Location Sharon, SC Dec 30, 2021 #53 benXJ said: We need answers. Most of us made less real dollars this year, an effective loss. Where is that line on the 1040? Click to expand... Well in that theory you are paying in less real dollars. The tax dollars paid are devalued the same amount as the income received. Inflation impacts both ends that way.
benXJ said: We need answers. Most of us made less real dollars this year, an effective loss. Where is that line on the 1040? Click to expand... Well in that theory you are paying in less real dollars. The tax dollars paid are devalued the same amount as the income received. Inflation impacts both ends that way.